Many parents want to teach their kids about financial literacy and independence, but they don’t know where to start. If you are one of them, then the Step App is all you need!
Step app is a fantastic finance management app built for kids that offers kids their own credit card with no monthly fees and no overdraft fees.
Currently, Step App Promotion is offering a $10 Step Sign up bonus when you open an account with this Step Promo code YOURUN10, plus you can also get an extra $1 Step Referral Bonus for each friend you invite.
Here you will get all the latest Step App Promotions, Promo codes and Simple steps to claim step Sign Up bonus. So, let’s get started!
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Step App Promotions: $10 Step Sign Up Bonus
Currently, the Step app is offering a $10 Step sign up bonus when you join through our special Step Referral code and create a verified Step app account. Then you will get your $10 welcome bonus instantly to your account.
How to Get Step Sign Up Bonus?
- Click on this Step Referral Link to sign up on Step App.
- Now enter your phone number and click on “Send.”
- Then you will get a message with your Step app download link, download the app and sign up using your email and phone number.
- Click on “Have a Referral Code?” and enter referral code “YOURRUN10.”
- Done! Once you have created a verified Step account, then you will get your $10 sign up bonus instantly in your wallet.
Step App Referral Bonus: Give $1, Get $1
Step Referral Program offers a $1 Step Referral Bonus when you invite your teenager friends through your unique Step Referral Code, and they create a verified Step Account, then you will get your Step Referral Bonus instantly to your wallet.
How to Get Step Referral Bonus?
- Login to your Step Account.
- Go to the “Invite a Friend” section and copy your unique Step Referral Code.
- Share it with your Teenager friends.
- Once they create a verified Step Account, Then you will get your $1 Step Referral Bonus.
- Your Teenager Friend will also get another $1 Step App promotion Bonus.
What is Step App?
Step App is an all-in-one banking app with a special bank account, a credit card, and a money management app that is built for teens.
Step App is similar to Venmo and Cash App, which offers teenagers to send and receive money easily.
Step app helps to guide teens about financial literacy and makes the process easy for them to start their financial journey and open their first bank accounts or credit cards.
CJ MacDonald and Alexey, Kalinichenko founded Step App. Though adults can also use the app, the major target of Step is individuals between 13 to 18 years old.
Is Step App safe and legit?
Yes! Step App is completely safe and legit! It has excellent ratings of 4.6 Stars, with over 1000 reviews on Trustpilot. Also, the bank account offers no interest on deposits and is FDIC-insured for up to $250,000.
The Step doesn’t use labels for its service. They don’t call their accounts “savings” or “checking” accounts, and the Visa Step Card is a “credit” or “debit” card.
Instead, they offer a complete solution where their customers can deposit an amount and keep their money while using the secured card to shop anywhere.
Step App Fees
Step’s mission is to make banking easy for teens, so there are no fees. No monthly, No overdraft fee, ATM, or interest rates apply. And also, there is no minimum deposit requirement.
There are 35,000 ATMs in the Step network, and there are no fees for withdrawals. So overall, all the features that the Step app offers are free.
What Does Step Offer?
- The Step Card:
Step offers a Visa Step Card, but it’s totally different from a secured credit card or a debit card. Usually, traditional secured credit cards improve your credit score and help people with bad credit.
This Visa Step Card helps teens only spend the amount of money that is in their Step account. This Step card helps teens build their credit history without having to make monthly payments like traditional secured credit cards.
- The Step Bank Account:
In order to open a Step Bank account, teenagers under the age of 18 need a sponsor who is over 18 years old.
Sponsors have the authority to monitor the spending activities of the teenager, and they can also add money to their account or freeze the teenager’s card if needed.
Teenagers under 18 can open a Step account, but to use the Visa Step Card or add money to the account, they need a legal guardian over the age of 18 who can act as their sponsor.
- Step parental control:
Parental controls are essential in a financial app for children. That’s why parents and children have access to Step through separate apps.
Parents can view their children’s transactions, balances, and spending habits, and they will be notified if their child is low on money.
Pros and Cons of Step App
- The Step has no hidden fees and is completely free.
- It encourages teens to build credit from an early age, specifically designed for teenagers.
- Parents and kids have separate apps on Step, which makes monitoring easier.
- A $250 ATM withdrawal limit per day is quite restrictive.
- The Step app is quite great; however, it offers limited features.
Overall, Step is a good choice for teenagers who are getting their first credit card and bank account. Also, you can take advantage of Step App promotions and can claim your $10 Step Sign up Bonus.
Plus, you can also take advantage of the extra $1 Step Referral Bonus by inviting your teenage friends.
Are you interested in investing? but don’t know where to start then you must read our Stash app investing Guide and Tellus App Review.
How To add money to Step Account?
The process of adding funds to your Step account is very simple; all you have to do is link a debit card from another bank account to your Step account, and the money will be instantly credited. Employers should set up direct deposits. There are 70,000 retail locations where you can deposit cash.